Binance Blocks MEXC Transfers After $16B Illicit Finance Allegations
Open the sourceReported by Bitcoin.com News, news.bitcoin.com, 11 November 2026, by Kevin Helms
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Binance restricted transactions with MEXC on Nov. The move followed the Financial Crimes Enforcement action and saw Binance withhold deposits tied to MEXC. The restriction matters because it narrows MEXC’s dollar-rail access and forces users to route transfers through other venues. What to watch next is whether other major exchanges follow Binance’s lead and whether MEXC restores U.S. connectivity.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
Binance, MEXC, Financial Crimes Enforcement Network (FinCEN), U.S. authorities